Yahoo revenues improve but Europe struggles

Yahoo has unveiled a slight increase in revenues for the first quarter of 2012 to $1.22bn (£767m), but its EMEA division went into reverse.

Yahoo: overall revenue up but European contribution is down
Yahoo: overall revenue up but European contribution is down

Net income rose 27.9% to $287.5m (£180m), although this rise was due to Yahoo's investment income, as operating income fell 11% to $169.4m (£106.2m).

Revenues excluding traffic acquisition costs in Europe dropped 9% year on year to $88m (£55m), while direct costs surged 31% to $40m (£25m), though Yahoo explained the rise was partly down to marketing costs being charged to regions as of 2012.

Europe's contribution accordingly dropped 27%, but remained positive at $48m (£30m).

The two other regions, Americas and Asia Pacific, offset Europe's performance with single-digit rises in revenues excluding traffic acquisition costs.

Global display revenues excluding traffic acquisition costs declined 4% to $454m (£285m) while global search revenues rose 8% on the same basis to $384m (£241m).

The digital media company is attempting to cut costs and refocus under recently appointed chief executive Scott Thompson.

Two weeks ago, it announced it was to shed 2,000 of its nearly 14,000-strong global workforce, and a week later, Thompson outlined the new structure of the company.

Follow Daniel Farey-Jones on Twitter @danfareyjones

Have your say...

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Media Week Jobs
Search for more media jobs

Latest

Digital out of home: navigating the revolution of the oldest medium

Digital out of home: navigating the revolution of the oldest medium

Drawing on market trends from outdoor's second-quarter results, Primesight's Chris Forrester warns against an industry eating itself.

Share
My Media Week: Simon Kilby

My Media Week: Simon Kilby

This week, Simon Kilby, head of marketplace, Bauer Media, readies the national launch of Magic on DAB and celebrates future change at Bauer Radio's annual conference, with dire consequences the next day.

Share
Piers Morgan becomes editor-at-large of MailOnline US

Piers Morgan becomes editor-at-large of MailOnline US

Piers Morgan, formerly of CNN and Trinity Mirror, has been appointed editor-at-large of MailOnline's US operation.

Share

Get news by email